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Sep 11, 2012
09/12
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meanwhile, the unemployment is up, bad times on many fronts in the economy in the united states, but look what's happening. the market just keeps laughing it off and going up in the face of danger, all of the indices are up today. as cheryl and i were talking, they did come down a little bit. it was triple digits in the dow a little earlier in the day, it came down from that point but still a 69-point gain b is quite impressive. all of the indices, nasdaq the smallest of the gainers today, just up .02%, but russell 2000 up as well. when the bell rings, the action begins, a former hedge fund manager who says the federal reserve does have a secret weapon that a lot of people aren't talking about that it could fire this week. it's not more money printing we're talking about. also, we have a fox business exclusive interview with legendary investor mark babier, he's going to outline the five reasons why he thinks equities could fall, but first, today's data download. stocks ended the day in the green but well off session highs. energy and financials were the best performing sectors while
meanwhile, the unemployment is up, bad times on many fronts in the economy in the united states, but look what's happening. the market just keeps laughing it off and going up in the face of danger, all of the indices are up today. as cheryl and i were talking, they did come down a little bit. it was triple digits in the dow a little earlier in the day, it came down from that point but still a 69-point gain b is quite impressive. all of the indices, nasdaq the smallest of the gainers today, just...
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holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the american economy grew at 4% compounded annually, from the birth of the republic practically up until 1971. whereas the economy under the federal reserve's quantitative easing in the last decade has been growing at 1.7%. you don't have to be a rocket scientist to choose between the, a stable dollar, a stable general price level, and economic growth enagained by -- engender by confidence in the future. david: how would a shift to the gold standard affect price of gold? would you freeze gold at at current price? >> the president would announce we're going to the gold standard. there woul
holding dollars the fed created instead of spending them same in the united states. because of the economic situation in the united states, many people are using dollars they receive, indeed some printed by the fed to repay debt inset of consume. the whole idea we're not cooking inflation in the oven in the long run is a false idea. the key to the gold standard and going forward to a modernized gold standard it is a prescription for long-term economic growth. under the gold standard the...
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Sep 19, 2012
09/12
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a coordinated attack on financial institutions here in the united states. it is looking more and more like these are the various groups are to bring down the financials. david: we want to emphasize to the art of succeeding. fire was the protect these companies and institutions are much rarer than the hackers try to break-in. the name of the company is buildable yet international. i imagine you can get on the internet. thank you so much. sir you could not bring some of that will then. liz: next time. an iconic american brand of decades past is being reborn in, of all places, detroit. jeff flock with the story. >> reporter: do you remember china like? it is not just shoe polish and the mark. it is watches, leather goods, even bicycles. al be back with a story of a company that is doubling down on america and american maid. stay tuned. liz: it's about the resilience of capitalism. iconic shoe polish maker read launching as an upscale manufacture of consumer goods, ranging from watches to bicycles. david: and the brand has a new home in detroit, which is where
a coordinated attack on financial institutions here in the united states. it is looking more and more like these are the various groups are to bring down the financials. david: we want to emphasize to the art of succeeding. fire was the protect these companies and institutions are much rarer than the hackers try to break-in. the name of the company is buildable yet international. i imagine you can get on the internet. thank you so much. sir you could not bring some of that will then. liz: next...
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Sep 27, 2012
09/12
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across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. david: china's economy is growing at its slowest pace in three years but frank lavin says china is growing at 3 1/2%. that is enough for u.s. companies to do well. he is the former u.s. undersecretary of commerce for international trade. always a pleasure to see him. thanks for coming in. >> thank you, david. david: what do you think about all the reports about the china slowdown? >> it is true china is growing less than its peak rate but will still be a very healthy at 7%. the important point, david, if the economy is growing at 7%, consumer spending is growing probably at 30% or so. david: when i hear numbers, as much as you deal with the chinese government you have to be skeptical of these numbers when you hear them, right? >> i think it is very hard to get p
across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. david: china's economy is growing at its slowest pace in three years but frank lavin says china is growing at 3 1/2%. that is enough for u.s. companies to do well. he is the former u.s. undersecretary of commerce for international trade. always a...
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Sep 18, 2012
09/12
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but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrels a day you would save about 2 billion barrels a year. $200 billion. so, that is where your $200 million comes from. it takes place over three or 4-year period. david: howard, you're something who is in the industry and obviously has a personal interest in bringing up gas and oil from fracking. however, you have a ph.d from harvard. two degrees from yale. you know how to talk the talk. you don't think all regulation is bad. what regulation works in your business and what doesn't work? >> good question. so the reality is these technologies, horizontal drilling, fracturing, they're big industrial processes. all big industrial processes have environmental consequences. the regulation that works would be regulation which is clear and consistent. so that the energy industry can price it into the cost of doing business. we've seen estimates, for example, you can handle all the environmenta
but if you look at the united states economy overall, for every 100, $115,000 of gdp we get one job in this country. for every million barrels of oil you import, you don't, you save, for five million barrels a day you would save about 2 billion barrels a year. $200 billion. so, that is where your $200 million comes from. it takes place over three or 4-year period. david: howard, you're something who is in the industry and obviously has a personal interest in bringing up gas and oil from...
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Sep 13, 2012
09/12
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states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world with a global footprint, good balance sheets. in a sea of uncertainty and lower returns one of the things you want to learn is a share of a growing stream of earnings and dividend and speculate by low-quality stocks, there is a lot that can go on but you want return and you do have to own the higher-quality companies and the global footprint. you have to have some of your money in those. dave: there was one this sense that this vote. you think richard fisher, head of dallas fed where you used to work if he was a voting member as he used to be that he would be
states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world...
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Sep 21, 2012
09/12
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we think the opportunity continues to be very strong in the united states, and we think larger caps are the place to be. liz: where in the larger cap space? are there particular sectors you like? particular names? >> well, within the large cap, we believe in a broader based investment strategy, well diversified. a couple of sectors we like is health care and the other is real estate despite huge runups with home builders. we think that recovery is just at its infancy, and really won't peak out for another four or five years in the real estate market. a couple sectors we think have real legs to grow much higher. david: david, back to you. we have a credit crunch going on. the fed, both the fed and politicians, try to make sure we don't have the same kind of bubble in housing we did before. large companies can get around this in a way small companies can't going directly into the markets themselves. for that reason, would you prefer a large cap company over a small cap company right now? >> yes, absolutely. for the reasons you cite. number one, they do have access to credit. number two, t
we think the opportunity continues to be very strong in the united states, and we think larger caps are the place to be. liz: where in the larger cap space? are there particular sectors you like? particular names? >> well, within the large cap, we believe in a broader based investment strategy, well diversified. a couple of sectors we like is health care and the other is real estate despite huge runups with home builders. we think that recovery is just at its infancy, and really won't...
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we have to ask ourselves, is the united states of america right now and environment that welcomes business and welcomes risk-taking? and when you look at new regulations and when you look at the antagonistic view of so many folks in washington for the pharmaceutical industry, the hmo industry, the banking sector, the energy sector, before you know what they are like that turn on a tank. eventually aiming at every single industry except the solar industry. if you are importing solar panels and china your being in debt as well. david:, former white house economic adviser. thank you. he is author of why we thrive in the rat race, also head of the tiger hedge fund. well, mitt romney promises that his policies will help create 12 million jobs. there are not a lot of specifics immoral least there were not allowed given in the republican convention. how will it be done? carlos gutierrez tells us in a detailed plan coming next. liz: sending out invitations for a big event next week. what new products could detect and reveal? it might be in the shadow. that story ahead on "after the bell." [ owner
we have to ask ourselves, is the united states of america right now and environment that welcomes business and welcomes risk-taking? and when you look at new regulations and when you look at the antagonistic view of so many folks in washington for the pharmaceutical industry, the hmo industry, the banking sector, the energy sector, before you know what they are like that turn on a tank. eventually aiming at every single industry except the solar industry. if you are importing solar panels and...